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Independent.ie

Wednesday 20 September 2017

Roscommon 12ac farm sells for €120k after a three-way chase

MARKET MOVER: This property at Carrownabricka sold for €120,000 at auction last week and is typical of a number of brisk sales in Roscommon towards the end of the year
MARKET MOVER: This property at Carrownabricka sold for €120,000 at auction last week and is typical of a number of brisk sales in Roscommon towards the end of the year
Jim O'Brien

Jim O'Brien

Land sales in Roscommon have been on the brisk side of late with parcels of land located near the town being sold at auction for €6,500-10,000/ac.

A 12ac parcel of ground at Carrownabricka on the Racecourse Road and 1km from Roscommon was brought to auction last week by local auctioneer, John Earley.

The land is described as good fertile grazing ground with 100m of road frontage. Bidding opened at €100,000 and, with three bidders in the chase, the property went on the market at €120,000 before selling at that price to a local solicitor acting in trust.

A residential holding of 47.4ac in three lots at Runnabracken and Carroweighter, Ballymacurley, Co Roscommon was offered for sale at the same auction.

The property, which was the subject of an executor sale, is located eight miles from Roscommon town just off the Castlebar Road.

The farm is described by John Earley as a holding renowned for its fattening qualities.

Lot one consisted of a two-storey, three-bedroom, traditional farmhouse in very good condition on 1ac at Runnabracken. This was withdrawn after being bid to €40,000.

The second lot, extending to 31ac around the house, is described as good, dual purpose agricultural land with stock-proof fencing and a steady water supply.

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This parcel opened at €160,000 and, with three local bidders showing keen interest, it went on the market at €220,000. It sold at €227,000 to a local farmer

The last lot, consisting of 15.6ac of land at Carroweighter, was a roadside parcel that included a storage barn, stock proof fencing and water supply.

The lot opened at €80,000 and with two bidders in action it went on the market at €100,000 and was sold to a local farmer at that price.

ATHLONE

Not far away at Clonburren, Oldtown, near Athlone a residential farm extending to 49.4ac is the subject of an executor sale handled by Michael Staunton of Rothwell Staunton and Associates, Ballinasloe.

The Shannonside lands are in two divisions, with a 5.8ac parcel described as particularly good, while up to 43.6ac is low lying and can fall victim to 'the humours' of Shannon flooding. The house, a three-bedroom 1970s bungalow, is in need of complete refurbishment. There is also a range of traditional outhouses.

The property is on the market by private treaty and can be sold as an entire or in three lots.

The 5.8ac parcel of good land is guided by Mr Staunton at €8,000 to €9,000/ac, while the rest of the ground is guided at €2,000/ac.

The house and yard has a guide of €20,000 and at present Mr Staunton has an offer in excess of €120,000 on the entire.

Irish Independent